India’s national controller, Comptroller and Auditor General (CAG), has criticised State-run miner NMDC for setting production targets that do not correlate with market trends and for failing to do complete due diligence before taking up domestic and international projects
The sharpest critique of the miner was for its overseas ventures, several of which failed to make any headway, which the auditor attributed to “insufficient and inadequate due diligence”.
https://m.miningweekly.com/article/indias-national-auditor-hauls-up-nmdc-2019-07-24/rep_id:3861
ECT Q&A thread 23/7, page-206
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